Screening for Price Range, a Fixed Price, and Moving-Average Alignment

Summary

This Chinese equity screening example combines a daily high-low range above 1%, a closing price specified as 18.5 yuan, and alignment among moving averages. The accompanying discussion frames the range condition as a way to identify more active price movement and the moving-average condition as a possible sign of support or stability. It suggests ranking qualifying stocks by trading value and mentions adding financial and technical measures, along with stop-loss and position controls.

The document gives indicator and Python sketches, but the stated rule and examples are internally inconsistent: the code refers to a five-period average, while the prose describes at least five moving averages overlapping, and the title gives a different price. No backtest or performance evidence is presented. The author cautions that the simple screen can miss or misidentify candidates and may overlook company and industry risks; the proposed enhancements are suggestions, not tested improvements.

Key ideas

• The proposed screen combines a daily range above 1%, a closing price of 18.5 yuan, and moving-average alignment.
• The discussion interprets price range as activity and moving-average overlap as possible support.
• The examples contain inconsistencies about the target price and what moving-average alignment means.
• No performance evidence is supplied, and the basic screen omits company and industry risks.
• The document suggests adding financial measures and risk controls, but does not test them.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.